275325 are the strikes. >> danny boy. >> we got to give the shout out to nancy primavera within, the stage manager for "options action." good luck to nancy taking time off to have a baby. >>ave ha great my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate and teach you and put this whole craziness we have had into context. so call me at 1-800-743-cnbc or tweet me @jimcramer. >> it doesn't take much to give

us a bounce. there was a rally overnight in china of all things, dow climbing 287 points. s&p gained 1.24% nasdaq poll vaulted. we won't get sustainable rebound until it is based on something domestic, which is why we had that sell off before the late afternoon bounce just look at what happened here. the initial rally based on china, evaporated after getting hit with a one-2 punch. and then larry kudlow let it be known that trump is unhappy with china's trade. now i don't mind a rally that we

had today, but the worry that we might be facing a fed mandated slow down is very much on the table, in fact it is palpable. with that in mind, what is the game plan next week? monday morning belongs to the ceo of bank of america he says will put the kibosh on this stock bank of america stock is cheap we are not in normal times jb hunt, the gigantic trucking company. it is making transportation more expensive. let's go to the source to find out what the heck is going on. tuesday morning is one of the toughest mornings in earning seasons. we hear from two health care companies that i like very much. una and j and j. we own both in my travel trust

united health is the best run health insurer in america. j and j has been trading like it has earnings risk but they have the best pipeline in the business and that's what matters. here is two hot buttons for me, goldman sachs and morgan stanley. i do expect that both to deliver good numbers but i have been wrong about the investment banks before i can't believe that goldman sachs is the cheapest in the entire group i hope that the new ceo sketches out a vision for how to restore growth and the new cfo is polished enough to paint a positive picture and give us some hope here this stock has sold out in the wake of its conference calls for

a reason it has been one miserable stock to own next is ibm. i think the quarter is going to be okay. doesn't seem to have much down side i just don't know if the company's gradual embrace will produce blowout numbers. this low, i don't know i don't think it is going to be okay no matter what. we recently talked to oscar munoz ceo. if we get another swoon, this might be one to pick up ahead of earnings and we also hear from netflix. the stock trade on new subscriber numbers unless those numbers pick up, this stock is not going anywhere it was down 100 yesterday. it is my least favorite of the

f.a.n.g stocks i have been telling you that the railroad will be seeing a slow down this is important. and it is something new. csx will let us know if there is a pause or something bigger going on be careful the problem is lam research, warned us early on that there could be trouble in semiconductor paradise didn't indicate when that slow down might be. unless ceo traces out a more positive second story. wednesday, we hear from avid laps this is run by brilliant miles white. i am expecting a good quarter and a nice forecast boost. i think abbot is the best place to be. we also find out how united

rentals is doing this is a terrific company at the same time i worry about construction thursday nucor reports this company should be making a fortune. if the numbers aren't great, i think it will be surprising to wall street after the close, we get a call from paypal bounce of $79 today. i told action members you had to buy the weakness, something i will stress again at the boot camp that we will be running not to mention how the recent acquisitions will be working out. we will be working from another payment play american express. the stocks go down on the numbers and then bounce back up could happen again

friday may be the biggest day of all. also give us a preview of what the new honey well will look like honeywell has been a good pick for my travel trust. you know what has been a terrible one, where i screwed up slumberger refusing to increase drilling budgets. it has been a severe disappointment will proctor and gamble. if there is any additional growth or any better, a restructuring stock can fly. last but not least vf corp doubling down on high growth brands like vans

especially the luxury related ones have hit a wall in part because of worry of trade ba barriers and the numbers can't be as good as they were next year after a week of seemingly endless selling including today, it cowl be volatility selling. acknowledging nation weakness in the system let's go to naveen in texas. >> caller: my question, what are your thoughts on new tannic in the longer room snoo thank you for that question, it was up very big today there is a host of rumors that drove this stock down.

it is still a $7 billion company and still losing numbers it is up three today and i say that it is a great company and doing well but for the long-term, please. tom in new york. >> caller: ba-ba-booyah. thanks for taking my call and taking a photo with me on wall street. >> always will it takes just as much energy to be kind as it is to be mean. bring it on. what's going on? >> caller: my question is bristol meyers we are coming up on earnings on the 25th of october. we had a bad news coming out today regarding the phase three, 331 study, what do i do? do i sell, buy, or hold? >> i was puzzled

i was saying oh, man are they going to clock it. they didn't clock it the stock was up a penny which shocked me it has to yield because it yields 2.78. i prefer merck because i think keytruda is a better drug than anything bristol meyers has. i can't say it is sustainable because of the fed "mad money" tonight, stocks are bouncing back. is it time to move past the fed and bring on earning season? speaking of earnings should you bank on the financials up until a month ago, octa shares have been up. could it be a buying opportunity with one of our cloud princes? i am sitting down with the ceo

stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. your brain is an amazing thing.

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all day, i kept hearing the same day, same refrain, enough with the fed, bring on the earnings folks, i wish it were that simple i can tell you in no uncertain terms, you cannot ignore the federal reserve. let me be crystal clear about this, when the fed tightens to make it more expensive to get a short-term loan, for years, this

didn't matter baurecause, rates were so low. talking about going from 2.25 to 3.25% by the end of next year for these short rates. guys, that's serious despite the relatively strong numbers we saw from the big banks today, i am concerned that we could be heading into big trouble in the earnings. if we get the promise rate hike in december, follow them by three more rate hikes next year. i am betting that will cause an accelerant even if we really accelerate from four point to 2.2%. that is going to be hurt the stocks a lot the thing that terrifies wall street is not that the housing and the autos and the corrugated packaging, and chemicals are

doing worse, the feds seem oblivious to what is happening on the ground. when powell talked about overshooting last week, he was talking about collateral damage. charles evans from the feds in chicago did the same thing in an interview. it is almost like they don't care this very morning, jpmorgan jamie diamond warned i know the fed doesn't take me seriously, and we saw that but maybe they will listen to the ceo of the world's largest banks. i am going to be fine with it. i am not going to fight a quarter point. but committing already to three more rate hikes on top of that

in 2019, that feels like lunacy to me. wa rather than trying to overshoot, maybe look at the data and get it right there is this person, janet yellen, it worked then, it will work now we got a weaker than expected consumer price index number. the whole point of lock step rate hikes is to fight inflation. here is about what is to happen, three lock step rate hikes next year will slow growth, boost the dollar and make people feel less wealthy. that is a fatal cocktail higher earnings estimates in the future when companies cut their forecast, i expect a ton of guidance cuts like we had today.

hey, i thought the tracking industry was supposed to be on fire i guess i was wrong. if a company cuts numbers because of the feds instrantran gents. that's going to hurt as it did with all four of the companies i just mentioned whose stock was just annihilated some of you think the economy is so strong. but we have seen sector after sector slowing down. most of the inflation right now comes outside of the feds control. energy, the supply of truck drivers.

in 2007, when our whole financial system was about to fall off a precipice the fed is making the same mistake they did years ago they haven't done their homework it was already crashing, mr. fed, they didn't want to get their handle their hands dirty like we do so earning season gets going, remember it is forecast. if the feds stay on its ill-advised current course, these forecast will be sub optimal. to put it diplomatically let's go to jennifer.

>> caller: thank you cramer. >> i am just trying to be constructive it is not positive, but constructive, so we all can make money longer term. how can i help >> caller: thank you, i am calling about gww granger. they have had big surprises. i understand their markets are mainly north america so maybe china trade won't affect it. how do you feel about holding it. >> like cintas which reported. i think granger should be sold i don't know if it could get better customers love granger but it has a big run. and the medium size businesses starting to get hurt maybe we take some off the table. we have to pay attention to the fed. it is the forecast that is

moving stock and they are going to hurt the forecast much more "mad money." i will reveal it and what it means just ahead and then i crowned it the cloud prince, after last week, has it lost its crown i am finding out if okta is still a good specipick stick with cramer.

experience a blend of refined craftsmanship... ...and raw power. engineered to take the crown. the lexus ls 500 and ls 500h. experience amazing at your lexus dealer. ok . we finally got some cold hard hard earnings to talk about. all right, so how did they do? i would say not as good as we hope but not as bad as we feared let's set the scene. obviously a rough time for the

banks, the whole stock market for that matter. they have been terrible actually classic worries about what is known as a flat yield curve. the feds raising short-term interest rates, long-term rates stubbornly refused to go higher. it hurts what is known as their net interest margin. the difference between what you pay for your money and what you pay them for a loan. in other words the deposit and the loan yet, when long-term rates as exemplified by the yield on the ten-year treasury finally started rising, the banks still didn't get any love. they have been crushed just like everything else. long-term rates have finally started rising, it looks like short-term rates will continue

to rise faster thanks to a clueless federal reserve. and i am calling them clueless they seem so proud of themselves look at this chart which shows you the difference between the yield on ten-year treasuries minus the yield on two year treasuries this is a good proxy for the profitability on the banking industry it is going down in one direction. that is what the stocks have done too sure, the ten-year supports a 3.1% yield if the fed's plan for four more rate hikes even the shortest of loans will go to 3.25%. loan growth will fall off a cliff. now, coming up the slack you may

have expected to see hideous numbers from the banks today the latter of which ha been a real dog for the whole group when i say investment banking i am talking about classic things that have done, trading, mma, fixed income we are also interested in what the ceos have to say about the economy itself we are interested to hear what jamie diamond says, he is one of the few remaining bank ceos who steered his company through the financial crisis and steered it well. the best of the day, citigroup, their net interest margin was flat and excluding the impact of currency fluctuations.

retail banking, that is not a major emphasis for citi. now, i wince when i saw that revenue miss worrying that the bears would seize on that one number citi's quarter was stronger than first appeared the revenue line didn't tell you enough the main highlight was the company's spending discipline. plus they bought back 70 million shares in the quarter. which is part of -- did citi do great? business is okay and that's good enough for a stock that trades only nine times next year's earnings what you get if you shut down

the company and liquidated everything tomorrow. the buy back is one of the biggest in the new york stock exchange staying strong all day it still well off its 80 tlar hi dollar high. how about jpmorgan slightly better than expected net interest margin. however, there were things to knit pick. investment banking, a little bit rough. and fixed income was down 18% versus the previous quarter. not great. commercial banking declined by 2% versus last quarter and there were never less a pretty substantial decline they made a ton of money i am knit picking and it is

usually profitable but there was a buzz kill. the thing that caused the stock to close down. it was jamie diamond's commentary on the media call he talked about brexit, trade, argentina, saudi arabia. and he went on to say, they are out there, and eventually it may have an effect no one should be surprised if it happens down the road. it is strong in spite of these issues which is why you worry if the market may not take it well if the feds keep raising rates even though his comments weren't negative, he sounded more positive than he used to that discouraged me a little

bit. i bet a week from now it makes up the losses it endured in its stocks today down a buck 18 for the day, after being up at 110 earlier in the morning. as for wells fargo, the numbers typical on what we expect. net interest margin increased slightly, average total department shrank. it is good enough, bank is starting to make a comeback. i look this stock very much. being held back after that cross selling scandal. and mr. losloan is doing a good job. when you put them together, it was unremarkable however, pnc, the biggest

regional also reported this morning and what they told us is worry some the headline numbers were fine man oh man, the loan growth was anemic up 2%. really bad including the robust mid atlantic regions this is the slow in growth that i am concerned about while the money centers might have been somewhat reassuring, pnc is anything about. the problem pnc blamed excessive competition from nonbank lenders. why is pnc making more money are we an economy that isn't as strong as it looks steel has gotten so expensive,

it is not plausible to build structures anymore pnc plunged more than $7 shed more than 2%. bottom line here, regular viewers now i got cautious on the economy starting last week too many industries are slowing. they didn't give me much reason to feel more up beat about the broader stock market worry, that only reinforced my belief that we need to be careful here even if the stock is way too cheap to ignore. pnc just plain awful i am sitting down with the ceo of okta. and find out whether it fits into the group of tech stocks that i think could be smart buys right now.

i am talking with one of the top players in the region, don't meet my exclusive with cannabis growth stay with cramer

last night i told you that

if you want a bottom fisher tech, look for lower numbers let's circle back to one of our fast growing cloud princes this one is called okta. here is a company that is a major player in multifactor identity these guys handle everything related to your log ins. the need for this stuff only grows. it was an incredible performer its stock surged to 75 at that point up 200% of the year. the last weeks come down more than 23% including 11% decline just this

week okta had a positive investor day on wednesday and it didn't make any deference. this is the type of stock you can circle back to let's check in with todd mckinnon ceo of okta welcome back to "mad money." >> thanks for having me on >> you had 57% year-over-year numbers and you could be well on your way to being a billion dollar company. >> we are happy about the growth and in a lot of ways, we are just getting started. >> we are in a tough market. and when you have a tough market, you have to find companies that have secular growth tail winds that you know that are going to be fine if the

stock stumbles a little bit. you have a both of tail winds that are helping you. >> we are excited for us we have three of them. and all powerful and impactful every organization is using the cloud to make their workforce more productive. second one, is every company and every industry is figuring out how to be the cloud to be the amazon of their industry, before amazon becomes the amazon of their industry and the third one, is when you think about workforce productivity, it is open and connected. and it is also the security risk and the opportunity to have better security is more important than ever and we can help companies with all three of these things >> as a nation, we now have enemies that are clever. state sponsored hackers, north korea, russia, china, are you able to stop, or trying your

best, they are the guys who are doing imposter work now, right >> yeah, when things get more connected, the stakes go up. making sure customers have the basics know who is logging in from where, and make sure you are doing basic security checks, the right kind of passwords, make it easier for the end users, while at the same time make sure for high risk things and everything is locked down rock solid. >> i know a lot of people in town were upset about the yankees. so i am thinking, i am watching, reading your investor page, and you have the major league baseball as a client. >> major league baseball has a customer for okta for a while.

they have expanded that to be the log in and identity underpinning's of major league baseball.com we are helping major league baseball easy to use while at the same time making sure it is secure. >> everyone here knows that i had a major problem logging on about four years ago and all they can tell you is it is going to be a long season, don't worry. so now that when i go to the site, it is instant, so that is your technology. >> we are working hard to make major league baseball successful they have to figure out how to get connected to customers, how to make it secure. and it is no small feat. the more we can help them, the better. >> one last thing, people say jim, you like this company, when

do you do when they have operating cash flow that is negative why should we not worry about that negative operating cash flow >> the main thing we are focused on, given these secular tail winds we talked about, is reaching the most amount of customers and providing the value that is possible we are investing heavily to help these customers to innovate. and make sure our products are broad and deep and capable and make sure we have the sales and marketing to go after these companies and at the same time it is improved >> couldn't agree more todd, you are running a great company, one of the fastest growing companies. this is todd mckinnon, ceo of

okta "mad money" back after the break.

>> announcer: lightning round is sponsored by td ameritrade it is time it is time for the lightning round on cramer's "mad money." that's where i take your calls

rapid fire you tell me the name of the stock. i tell you to buy, buy, buy or sell, sell, sell we'll play this sound -- [ buzzer ] -- and then the lightning round is over. are you ready, skee-daddy? it's time for the lightning round on cramer's "mad money." starting with jack in ohio. >> caller: love your show, jimmy. the yield is making more attractive this is one of my favorite snacks hsy hershey. >> no momentum if you want a conservative investment over multiple years, i think this is a good investment joe in florida. >> caller: why is boise cascade in the house of pain >> because of the slow down. people don't realize the economy and the housing business suddenly got weak.

i used to go to mexico beach and to cape sandblast, i hope everything is doing well there resilient area connie in new jersey. >> caller: hi, jim, thanks for taking my call. >> sure. >> caller: i bought the stock bx i am talking about prior to the last couple of days. >> what is the stock oh, it is very good. i think blackstone is worth owning jp in indiana. >> caller: hi, jim, how about a big spooky booyah.

what do i think about picking up shares of dow dupont. >> i would pull the trigger right here, because it is that cheap. it has come down a lot vickie in florida. >> caller: jim, hi, how are you doing? >> i am doing well >> caller: today i feel better i retired in 2008 and first of all, before i start anything like that, i want to thank you for the work that you have done, my husband and i have been watching you for years and we never want to miss the show. >> you're very kind. >> caller: anyway, i retired in 2008 and made a lot of good purchases at that time because everything was so low. so it was good and i was watching this and i always

wanted to buy ge >> all right let's hold off doing that and see if they cut dividend and then we will take a look at that and thank you for the kind comments and that, ladies and gentleman, concludes the "lightning round"" >> announcer: lightning round is sponsored by td ameritrade >> this is the greatest show on earth. it is like barnum and bailey circus. >> the eagles play thursday, and that means i have sunday to go to costco. >> take deep breaths and i can do a plank. >> i am going to linked in to find these rescue pets now go ahead ♪t chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly.

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with a bumpy market this week, sometimes what i like to do is circle back to long-term themes even if those themes are long-term speculative. at the moment the big story around is cannabis legalization. we help you navigate the bull market and i think many of these pot stocks remain overheated meaning

they have gone up too far too fast you know stz owns a stake in canopy growth. it is the closest thing to a blue chip in the space now, earlier this week i got a chance to check in with the owner and ceo of canopy growth if you want more, he is speaking at my boot camp for investors tomorrow >> welcome back to "mad money." >> good to be back >> so bruce, i need you to explain to people what you said to me which is that even though there is going to be legalization next week, don't expect that there is going to be this gigantic explosion of sales in canada because it is not going to happen.

>> yeah, so what is going to happen is october 17th, is the first day canadian adults 19 years and older can go to a store and buy cannabis and then this will become a more normal platform which is a bigger market, but what it is really about is the rest of the world is watching. last week i was in the eu and uk and they are trying to figure out, how do we quit ignoring cannabis and governor it and tax it and turn it into something. so what is going to be the big bump isn't just cannabis if we do it right, that gives us the position globally. >> i have explained to people over and over again, many of the companies that i put on are to

learn about the industry you are a new york stock exchange listed story and they wouldn't even let you press the bell, but whatever the fact is that you are well capitalized and you have said this is a bit like the dot com there were survivors, but frankly, you are the only one that has a lot of capital. >> yeah, so when we close, sh e share -- shareholder, we hope to close up before the end of the october. which means a third of our balance sheet, we cash, we happen to have a biggest market share in medical around the 3rd. we looked at the opportunity, and when i started this five or six years ago, i said why would you try to create a promotional

company when you can become a globally dominant company and do something interesting for a decade or two. so the culture we created is going there. and who they looked at who should we invest in, we were the most costly choice by far. and i think they got great value. >> do you think it is too late for some of these companies? >> well, i think the challenge is that you have to have a good dance partner. we worked with these guys for two years. we did the first investment a year ago and now everybody is scrambling and you are living in the stock world and i am living in the grow business world. and these companies have said, do we jump in now. the question is, who else can they partner with. and i think you will note when we did the $5 billion investment

for the two days that week prior to making the investment, our stock traded down a lot. and so i think that gives a little bit of indication of the way we run our business, it is not just a pot business, it is a really good business. >> give me the size of what you think of the market that will be disrupted worldwide by cannabis. >> well, the conservative cautious people say 200 million. the ones that -- or billion. and the closest to accurate is 500 billion. because we disrupt alcohol potentially, cigarettes potentially. we really disrupt pharmaceutical because whether or not you are in geriatric care, dealing with arthritic conditions, you are going to find can binnoid therapies are there. that pretty quickly gets you up

around 500 billion and just do a bit of the back of the envelope math. and it is not crazy. >> and it is happening right here, right now. >> under dea approval, we shipped for the first time legally from canada to the u.s so can begin to do medical research, clinical trials if necessary. and create the data set. and maybe it can become federally regulated in the u.s. >> thank you so much for speaking coming on the show one week before "mad money" is back after the break. it's the longevity economy - americans 50+ driving 7.6 trillion dollars... of economic activity every year. right before our eyes, aging is unleashing exponential growth...

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i like to say there's always a bull market somewhere. i promise to try to find it just for you right here on "mad money. i'm jim cramer, and i will see monday >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ tank is a premium version of a favorite snack. hi. my name is jordan barrocas, and i'm from miami, florida. i'm daniel fogelson, and i'm from los angeles. we're the founders of three jerks jerky and are here seeking a $100,000 investment